Director at Wealthfront (NASDAQ: WLTH) receives 19,446 RSUs
Rhea-AI Filing Summary
GOLDMAN KENNETH A reported acquisition or exercise transactions in this Form 4 filing.
WEALTHFRONT CORP director Kenneth A. Goldman received a grant of 19,446 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Wealthfront common stock upon settlement.
The award will fully vest on the earlier of the next annual stockholder meeting or the first anniversary of the grant date, as long as he remains in continuous service through that date. Following this grant, he holds 19,446 RSUs directly, which will either vest or be cancelled rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 19,446 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The entire award shall vest on the earlier to occur of: (i) the date of the next annual meeting of the Issuer's stockholders and (ii) the first anniversary of the grant date, in each case subject to the reporting person's continuous service through such date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
vest financial
continuous service financial
cancelled prior to the vesting date financial
FAQ
What insider transaction did WEALTHFRONT CORP (WLTH) report for Kenneth A. Goldman?
Kenneth A. Goldman received a grant of 19,446 restricted stock units (RSUs) of WEALTHFRONT CORP. These RSUs are a form of equity compensation that can convert into an equal number of common shares upon vesting, aligning director interests with shareholders.
How many WEALTHFRONT (WLTH) restricted stock units did Kenneth A. Goldman receive?
Kenneth A. Goldman was awarded 19,446 restricted stock units tied to WEALTHFRONT CORP common stock. After this grant, his reported holdings in these RSUs total 19,446 units, all subject to future vesting conditions described in the filing’s footnotes.
When do Kenneth A. Goldman’s WEALTHFRONT (WLTH) RSUs vest?
The 19,446 WEALTHFRONT RSUs granted to Kenneth A. Goldman will vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date, provided he maintains continuous service through that vesting date.
What does each WEALTHFRONT (WLTH) restricted stock unit granted to Kenneth A. Goldman represent?
Each RSU granted to Kenneth A. Goldman represents a contingent right to receive one share of WEALTHFRONT common stock. The units convert into shares only upon settlement after vesting, offering stock-based compensation instead of immediate cash payments.
Do Kenneth A. Goldman’s WEALTHFRONT (WLTH) RSUs have an expiration date?
The filing states these WEALTHFRONT restricted stock units do not expire. Instead, they either vest according to the schedule tied to the annual meeting or grant anniversary, or they are cancelled before that vesting date if conditions are not met.
Is Kenneth A. Goldman’s WEALTHFRONT (WLTH) RSU grant an open-market stock purchase?
No. The transaction is described as a grant or award acquisition of 19,446 restricted stock units, not an open-market stock purchase. It is compensation-related equity rather than a discretionary buy of existing WEALTHFRONT shares in the market.